未登記優(yōu)先擔(dān)保債券的法律意見(jiàn)書(shū)

1、r LAW OFFICES重慶廣賢律師事務(wù)所瘍uangXianyu重慶廣賢律師事務(wù)所LAWOFFICESLinkingChinaPage 4 of 16ChongqingxxLawFirm重慶xx律師事務(wù)所HAOWAYINVESTMENTSLIMITEDUnregisteredSeniorSecuredDebtSecurities關(guān)于豪威投資有限公司未登記優(yōu)先擔(dān)保債券的AttorneysOpinions法律意見(jiàn)書(shū)Doc.No:XX2007001XX債律字2005第Z/Y/001號(hào)Chongqing,P.R.China中國(guó)重慶March17,2007二零零七年三月十七日Chongqing又Law

2、Firm重慶xx律師事務(wù)所Re:HAOWAYINVESTMENTSLIMITEDUnregisteredSeniorSecuredDebtSecurities關(guān)于豪威投資有限公司未登記優(yōu)先擔(dān)保債券的AttorneyOpinionLetter法律意見(jiàn)書(shū)DatedonMarch17,2007二。七年三月十七日GentlemanorMadam,敬啟者：We,attorneysofChongqingxLaWFirm,representsHAOWAYINVESTMENTLIMITED(HAOWAY)andChongqingGaoshanRealEstateDevelopmentCo.Ltd.(GAOSH

3、AN)(ourClients),deliverouropinionasfollows:重慶XX律師事務(wù)所(以下簡(jiǎn)稱(chēng)本所”)受豪威公司(以下簡(jiǎn)稱(chēng)豪威公司”)的委托，就豪威公司未登記優(yōu)先擔(dān)保債券涉及的法律問(wèn)題出具法律意見(jiàn)書(shū)。Accordingto(a)theEuropeanParliament'sPurvisReport;(b)theRFstAPReportonAssetManagement;(c)CESR'smandatefortheAssetManagementExpertsGroup;(d)theIOSCOreporton“IssuesArisingfromthePartic

4、ipationofRetailInvestorsinHedgeFunds"(2)oArDclective2001/108/EC(amendingtheUCITSUndertakingsforCollectiveInvestmentinTransferableSecurities"or“UCITSinvestmentfund"directive85/611oninvestments),wedeliveredtheseopinionsbasedontheacceptedprofessionalstandardsandregulationsandontheprincip

5、lesofduediligence:根據(jù)（a）歐洲議會(huì)的Purvis報(bào)告，（b）關(guān)于資產(chǎn)管理的后FSAP報(bào)告，歐洲證券管理委員會(huì)對(duì)于資產(chǎn)管理專(zhuān)家小組的強(qiáng)制要求，（d）國(guó)際證監(jiān)會(huì)組織關(guān)于零散投資人參與對(duì)沖基金有關(guān)問(wèn)題”的報(bào)告，（e）歐盟第2001/108/EC號(hào)指令第2條（關(guān)于修訂UCITS可轉(zhuǎn)讓證券集合投資事業(yè)，也稱(chēng)證券投資基金投資的第85/611號(hào)指令等有關(guān)法律法規(guī)的規(guī)定，本所按照律師行業(yè)公認(rèn)的業(yè)務(wù)標(biāo)準(zhǔn)、道德規(guī)范和勤勉盡責(zé)的精神出具本法律意見(jiàn)書(shū)。Asforthisdocument,weherebymakefollowingrepresentations:對(duì)本所出具的本法律意見(jiàn)書(shū)，本所律師特作

6、如下聲明：1.0Thebasiclegalrequirementsoftheseopinioninclude(a)theEuropeanParliament'sPurvisReport;(b)thePosSAPReportonAssetManagement;(c)CESR'smandatefortheAssetManagementExpertsGroup;(d)theIOSCOreporton“IssuesArisingfromtheParticipationofRetailInvestorsinHedgeFunds"(e)Article2ofDirective200

7、1/108/EC(amendingtheUCITSUndertakingsforCollectiveInvestmentinTransferableSecurities"or“UCITSinvestmentfund"directive85/611oninvestments).Andwedeliveredtheseopinionswiththeexistingfactsandlawsorregulationsonorbeforethe5thdayofMarch,2007.本所律師依據(jù)(a)歐洲議會(huì)的Purvis報(bào)告，(b)關(guān)于資產(chǎn)管理的后FSAP報(bào)告，(c)歐洲證券管理委員會(huì)

8、對(duì)于資產(chǎn)管理專(zhuān)家小組的強(qiáng)制要求，(d)國(guó)際證監(jiān)會(huì)組織關(guān)于零散投資人參與對(duì)沖基金有關(guān)問(wèn)題”的報(bào)告，(e)歐盟第2001/108/EC號(hào)指令第2條(關(guān)于修訂UCITS可轉(zhuǎn)讓證券集合投資事業(yè)，也稱(chēng)證券投資基金投資的第85/611號(hào)指令及本法律意見(jiàn)書(shū)出具日以前已經(jīng)發(fā)生或存在的事實(shí)以及法律、法規(guī)的有關(guān)規(guī)定發(fā)表法律意見(jiàn)。2.0HAOWAYpledgesforsupplyofallfacts,materialsandtestimonieswhichmightbeusedforthebackgroundfortheseopinions,andfurtherguaranteesthetruthfulness,i

9、ntegrityandaccuracythereofwithnomajor3."重慶廣賢律師事務(wù)所misrepresentations.Anycopiesthereofshallbethesamewiththeoriginals.豪威公司保證已經(jīng)提供了本所律師認(rèn)為作為出具本法律意見(jiàn)書(shū)所必需的全部有關(guān)事實(shí)材料、副本材料或者口頭證言，且保證所提供材料的真實(shí)性、完整性和準(zhǔn)確性，無(wú)重大遺漏及誤導(dǎo)性陳述，所提供的復(fù)印件與原件具有一致性。3.0WemerelydelivertheseopinionsregardingUnregisteredSeniorSecuredDebtSecuritieso

10、fHAOWAY.Anydata,informationandconclusionofrelevantreportsanddocumentsbyotherinstitutesinvolvedshallnotbecommentedbythisFirm.本所律師僅就與豪威公司未登記優(yōu)先擔(dān)保債券涉及的有關(guān)法律問(wèn)題發(fā)表法律意見(jiàn)。本法律意見(jiàn)書(shū)涉及到其他中介機(jī)構(gòu)出具報(bào)告及相關(guān)文件中數(shù)據(jù)、意見(jiàn)及結(jié)論之處均為嚴(yán)格引述，并不表明本所及本所律師對(duì)這些數(shù)據(jù)、意見(jiàn)及結(jié)論的任何評(píng)價(jià)。4.0Foranymajorfactswithoutevidences,wemaketheseopinionsaccordingtother

11、epresentationsofourClients.在本法律意見(jiàn)書(shū)出具過(guò)程中，對(duì)于那些對(duì)本法律意見(jiàn)書(shū)至關(guān)重大但已無(wú)法得到直接獨(dú)立的證據(jù)支持的事實(shí)，本所律師依據(jù)委托人的有關(guān)陳述出具相關(guān)的法律意見(jiàn)。5.0WedoagreethatHAOWAYmaymakereferencetotheopinionorconclusionoftheseopinionsinOfferingMemorandumofUnregisteredSeniorSecuredDebtSecuritiesandanyotherdocuments.However,noreferenceshallbemadeinmisleadingw

12、ay.Unlessotherwiseaddressedherein,allthetermsintheseopinionsshallbeused,definedandexplainedinthesamemeaningofthoseinOfferingMemorandum.本所律師同意豪威公司在豪威公司未登記優(yōu)先擔(dān)保債券募集說(shuō)明書(shū)中引用本Page 5 of 16r LAW OFFICES重慶廣賢律師事務(wù)所法律意見(jiàn)書(shū)的有關(guān)意見(jiàn)及結(jié)論，但該引述不應(yīng)采取任何可能導(dǎo)致對(duì)本法律意見(jiàn)書(shū)的理解出現(xiàn)偏差的方式進(jìn)行。除非另有說(shuō)明，本法律意見(jiàn)書(shū)和豪威公司未登記優(yōu)先擔(dān)保債券發(fā)行中使用、定義及解釋的所有術(shù)語(yǔ)具有相同含義。

13、6.0TheseopinionsshallbeonlyusedforUnregisteredSeniorSecuredDebtSecuritiesofHAOWAY.Anyotherpurposesshallnotbepermitted.Weagreetoreporttheseopinionsattachedwithotherrequiredlegaldocumentsandtoberesponsiblefortheseopinions.本法律意見(jiàn)書(shū)僅供豪威公司未登記優(yōu)先擔(dān)保債券之目的使用，不得用作任何其他目的。本所律師同意將本法律意見(jiàn)書(shū)作為豪威公司未登記優(yōu)先擔(dān)保債券所必備的法定文件，隨其他申請(qǐng)

14、材料一起上報(bào)，并依法對(duì)本法律意見(jiàn)所出具的法律意見(jiàn)承擔(dān)責(zé)任。Weherebymakefollowingattorney'sopinionsforUnregisteredSeniorSecuredDebtSecuritiesofHAOWAY:本所律師現(xiàn)就豪威公司未登記優(yōu)先擔(dān)保債券涉及的相關(guān)法律問(wèn)題，出具如下法律意見(jiàn)：7.0HAOWAYisingoodstandingunderthelawsofthejurisdictionofitsincorporation,hasbeendulyincorporated,isvalidlyexistingasacorporationwithcorpora

15、tepowerandauthoritytoownitspropertyandtoconductitsbusinessasdescribedintheOfferingDocumentsandisdulyqualifiedtotransactbusinessandisingoodstandingintheStateofitsformation;豪威公司是依法正式成立并有效存續(xù)的法人，符合其管轄地法律的各項(xiàng)規(guī)定，它有權(quán)力和授權(quán)擁有自有財(cái)產(chǎn)和開(kāi)展發(fā)行文件所述的業(yè)務(wù)，有充分的資格進(jìn)行交易，符合其成立所在州的法律。8.0TheCommitmentLetterhasbeendulyauthorized,ex

16、ecutedanddeliveredbyHAOWAY;Page 17 of 16豪威公司已適當(dāng)授權(quán)、簽署和交付承諾書(shū)；9.0UNREGISTEREDSENIORSECUREDDEBTSECURITIEShasbeendulyauthorized,executedanddeliveredbyHAOWAYand,assumingthedueauthorization,executionanddeliverybyBordier,CosbaandLarocheLtd.("BCLLJsavalidandbindingagreementofHAOWAY,enforceableinaccordan

17、cewithitstermsexceptas(i)theenforceabilitythereofmaybelimitedbybankruptcy,insolvencyorsimilarlawsaffectingcreditors'rightsgenerallyand(ii)rightsofaccelerationandtheavailabilityofequitableremediesmaybelimitedbyequitableprinciplesofgeneralapplicability;豪威公司已適當(dāng)授權(quán)、簽署和交付未登記優(yōu)先擔(dān)保債券，如果得到BCLL公司的適當(dāng)授權(quán)、簽署和交

18、付，則成為豪威公司的合法有效協(xié)議，可以據(jù)其條款實(shí)施，以下情況除外：(i)其實(shí)施受到破產(chǎn)法、停業(yè)清理法或其他影響債券人一般權(quán)利的法律限制，以及(ii)要求加速還款的權(quán)利與可獲得的衡平救濟(jì)可能受制于一般適用的衡平救濟(jì)原則；10.0TheOfferedSecuritieshavebeendulyauthorized;theOfferedSecuritieshavebeenexecutedand,assumingtheyhavebeendulyauthenticatedbyadulyauthorizedofficerofHAOWAY,deliveredbyHAOWAY;theOfferedSecuri

19、tiesconstitute,whenexecuted,authenticated,issuedanddeliveredinthemannerprovidedintheTermsAgreementandsoldpursuanttoResaleContracts,willconstitute,validandbindingobligationsofHAOWAY,enforceableinaccordancewiththeirrespectivetermsexceptas(i)theenforceabilitythereofmaybelimitedbybankruptcy,insolvencyor

20、similarlawsaffectingcreditors'rightsgenerallyand(ii)rightsofaccelerationandtheavailabilityofequitableremediesmaybelimitedbyequitableprinciplesofgeneralapplicability;發(fā)行證券已經(jīng)獲得適當(dāng)授權(quán)與執(zhí)行，并已經(jīng)得到有適當(dāng)授權(quán)的豪威公司官員證實(shí)并交付；發(fā)行證券在以條款協(xié)議規(guī)定的方式執(zhí)行、證實(shí)、發(fā)行和交付，并已依照轉(zhuǎn)售合同售出，則成為豪威公司的合法有效合同，可以據(jù)其各自條款實(shí)施，以下情況除外：(i)其實(shí)施受到破產(chǎn)法、停業(yè)清理法或其他影

21、響債券人一般權(quán)利的法律限制，以及(ii)要求加速還款的權(quán)利與可獲得的衡平救濟(jì)可能受制于一般適用的衡平救濟(jì)原則；11.0TheexecutionanddeliverybyHAOWAYoftheCommitmentLetter,UNREGISTEREDSENIORSECUREDDEBTSECURITIES,theTermsAgreement(whenexecutedanddelivered)theOfferedSecurities,andtheperformancebyHAOWAYofitsobligationsundertheCommitmentLetter(includingtheprovis

22、ionsofUNREGISTEREDSENIORSECUREDDEBTSECURITIES),TermsAgreement,theOfferedSecuritieswillnotcontraveneanyprovisionofapplicablelawthatwehas,intheexerciseofcustomaryprofessionaldiligence,recognizedasapplicabletoHAOWAYoranyofitssubsidiariesortotransactionsofthetypecontemplatedbytheCommitmentLetter(includi

23、ngtheprovisionsofUNREGISTEREDSENIORSECUREDDEBTSECURITIES),orthecertificateofincorporationorby-lawsofHAOWAYor,tothebestofourknowledge,anyagreementorotherinstrumentbindinguponHAOWAYoranyofitssubsidiariesthatismaterialtoHAOWAYanditssubsidiariestakenasawhole,or,tothebestofourknowledge,anyjudgment,ordero

24、rdecreeofanygovernmentalbody,agencyorcourthavingjurisdictionoverHAOWAYoranysubsidiary,andnoconsent,approval,authorizationororderof,orqualificationwith,anygovernmentalbodyoragencyisrequiredfortheperformancebyHAOWAYofitsobligationsundertheCommitmentLetter(includingtheprovisionsofUNREGISTEREDSENIORSECU

25、REDDEBTSECURITIES),TheTermsAgreement,andtheOfferedSecurities.豪威公司簽署與交付承諾書(shū)、未登記擔(dān)保優(yōu)先債券、擬發(fā)行證券之條款協(xié)議(在被執(zhí)行和交付的情況下)，履行豪威公司在承諾書(shū)(及未登記擔(dān)保優(yōu)先債券條款)、未登記擔(dān)保優(yōu)先債券、擬發(fā)行證券之條款協(xié)議項(xiàng)下的義務(wù)，不會(huì)違反本所律師在正常執(zhí)業(yè)過(guò)程中認(rèn)為適用于豪威公司或其子公司的法律；或承諾書(shū)(及未登記擔(dān)保優(yōu)先債券條款)或豪威公司章程、或豪威公司議事程序；或據(jù)本所律師所知對(duì)豪威公司及其子公司整體有重大意義的有效協(xié)議或契約；或據(jù)本所律師所知與判斷,任何政府組織、機(jī)構(gòu)或?qū)劳炯捌渥庸居泄茌牂?quán)的

26、法庭頒布的法令或指令，不要求豪威公司履行其在承諾書(shū)（及未登記擔(dān)保優(yōu)先債券條款）、條款協(xié)議、擬發(fā)行證券項(xiàng)下的義務(wù)時(shí)，需要獲得該政府組織、機(jī)構(gòu)的同意、批準(zhǔn)、授權(quán)或命令以及資格認(rèn)定。12.0Tothebestofourknowledge,neitherHAOWAYnoranyofitssubsidiarieshasreceivedanynoticeofinfringementoforconflictwithassertedrightsofotherswithrespecttoanyintellectualpropertyrightsemployedbytheminconnectionwiththeb

27、usinessoperatedbyHAOWAYoritssubsidiarieswhich,singlyorintheaggregate,ifthesubjectofanunfavorabledecision,rulingorfinding,wouldresultinanymaterialadversechange,ornoticeofanyotherdevelopmentwithrespecttotheforegoinginvolvingaprospectivematerialadversechangeinthecondition,financialorotherwise,orintheea

28、rnings,businessaffairsorbusinessprospectsofHAOWAYanditssubsidiaries,takenasawhole,exceptasmaybedisclosedinwritingbyHAOWAYto,andacceptedforexclusionby,theUnderwriters;據(jù)本所律師所知，豪威公司或其子公司均未接到任何宣稱(chēng)豪威公司或其子公司運(yùn)營(yíng)過(guò)程中所使用的知識(shí)產(chǎn)權(quán)侵犯或違反他人享有的知識(shí)產(chǎn)權(quán)的通知，且此類(lèi)通知標(biāo)的物如果遭到不利裁定、裁決或判決將會(huì)導(dǎo)致重大負(fù)面變動(dòng)；或者上述情況的將演化成導(dǎo)致豪威公司及其子公司整體的財(cái)務(wù)或其他狀況、收益、

29、業(yè)務(wù)或業(yè)務(wù)前景發(fā)生重大不利變化的事件，但豪威公司可能書(shū)面披露并經(jīng)承銷(xiāo)人接受為例外的除外。13.0Thestatements(1)intheOfferedSecurities,and(2)intheOfferingDocuments,ineachcaseinsofarassuchstatementsconstitutesummariesofthelegalmatters,documentsorproceedingsreferredtotherein,fairlypresent,inallmaterialrespects,theinformationcalledforwithrespecttosu

30、chlegalmatters,documentsandproceedingsandfairlysummarize,inallmaterialrespects,themattersreferredtotherein;發(fā)行證券與發(fā)行文件中的報(bào)表，只要構(gòu)成對(duì)其中提到的法律事務(wù)、文件或程序的摘要，應(yīng)當(dāng)公平說(shuō)明所有提到的該法律事務(wù)、文件或程序的所有重大方面的信息，并公平總結(jié)對(duì)其中提到事物的所有重大方面。14.0Tothebestofourknowledge,therearenolegalorgovernmentalproceedingspendingorthreatenedtowhichHAOWAYor

31、anyofitssubsidiariesisapartyortowhichanyofthepropertiesofHAOWAYoranyofitssubsidiariesissubjectoranydevelopmentsinsuchproceedingsthatarerequiredtobedescribedorincorporatedthereinbyreference,intheOfferingDocuments,asthenamendedorsupplemented,andarenotsodescribedorincorporatedthereinbyreference,orofany

32、statutes,regulations,contractsorotherdocumentsthatarerequiredtobedescribedinthisOfferingortobefiledorincorporatedbyreferenceasexhibitstosuchOfferingDocumentsthatarenotsodescribedorfiledorincorporatedasrequired;據(jù)本所律師所知，不存在以豪威公司或其任何子公司為一方或其財(cái)產(chǎn)受影響的任何未決的或受威脅的政府程序，不需要在發(fā)行文件中引用或包括在發(fā)行文件中沒(méi)有引用或者描述的上述事件或其修改或補(bǔ)充，

33、也不存在任何目前沒(méi)有被要求描述、備案、引用的法律、規(guī)則、合同或其他文件被要求在本發(fā)行文件中說(shuō)明，或被要求備案或被要求在發(fā)行文件中作為附件。15.0HAOWAYisnotan"investmentcompany"oranentity"controlled"byan"investmentcompany,"assuchtermsaredefinedintheInvestmentCompanyActof1940,asamended;豪威公司不是1940年投資公司法及其修訂所定義的投資公司”，或者為投資公司”所控制”的實(shí)體；16.0TheOff

34、eringDocumentshavebecomeeffective,asthenamendedorsupplemented,havebeenfiledasrequiredhereunderorsubjecttoanexemptionfromfiling;andtothebestknowledgeofwenostopordersuspendingtheeffectivenessoftheOfferingDocumentshasbeenissuedandnoproceedingforthatpurposehasbeeninstitutedorthreatenedbytheUnitedStatesS

35、ecurityandExchangeCommission('Commission“),anyothergovernmentalagency,HAOWAYsBoardofDirectorsorShareholders;發(fā)行文件在修訂或補(bǔ)充之后已經(jīng)生效，已經(jīng)依照未登記擔(dān)保優(yōu)先債券的要求備案，或獲得免于備案；且據(jù)本所律師所知，美國(guó)證券交易管理委員會(huì)（下稱(chēng)美國(guó)證管會(huì)”）或其他政府組織、豪威公司董事會(huì)股東沒(méi)有簽發(fā)終止發(fā)行文件效力的命令，且也沒(méi)有設(shè)立或可能設(shè)立這種程序;17.0We(1)areoftheopinionthateachdocument,ifany,filedpursuanttothe

36、CommitmentLetterandUNREGISTEREDSENIORSECUREDDEBTSECURITIESandincorporatedbyreferenceintheOfferingDocuments(exceptforfinancialstatements,schedulesandotherfinancialdataincludedthereinastowhichweneednotexpressanyopinion),compliedwhensofiledastoforminallmaterialrespectswiththeCommitmentLetterandUNREGIST

37、EREDSENIORSECUREDDEBTSECURITIES,and(2)isoftheopinionthattheOfferingDocuments,asthenamendedorsupplemented(exceptedforfinancialstatements,schedulesandotherfinancialdataincludedthereinastowhichweneednotexpressanyopinion),complyastoforminallmaterialrespectswiththeAct,therulesandregulationsoftheCommissio

38、nthereunderandallgovernmentalagenciesthatHAOWAYisormaybeassociatedwith;and本所律師同時(shí)認(rèn)為：(1)根據(jù)承諾書(shū)以及未登記擔(dān)保優(yōu)先債券備案并在發(fā)行文件中引用(財(cái)務(wù)報(bào)表、附件以及律師不需發(fā)表意見(jiàn)的其他財(cái)務(wù)數(shù)據(jù)除外)的每份文件(如果有的話)，備案的格式在所有重大方面都都符合承18.0諾書(shū)以及未登記擔(dān)保優(yōu)先債券的要求；且(2)發(fā)行文件所有的文件及所有修改或補(bǔ)充(財(cái)務(wù)報(bào)表、附件以及律師不需發(fā)表意見(jiàn)的其他財(cái)務(wù)數(shù)據(jù)除外)，格式在所有重大方面都符合證券法、美國(guó)證管會(huì)已發(fā)布的實(shí)施細(xì)則與條例以及與豪威公司有關(guān)或?qū)㈥P(guān)聯(lián)的政府組織規(guī)定要求；且No

39、factshavecometoourattentionthatwouldleadustobelievethat(1)(exceptforfinancialstatements,schedulesandotherfinancialdataastowhichweneednotexpressanybelief)eachpartoftheOfferingDocuments,ifapplicable,whensuchpartbecameeffectivecontainedanyuntruestatementofamaterialfactoromittedtostateamaterialfactrequi

40、redtobestatedthereinornecessarytomakethestatementsthereinnotmisleading,and(2)(exceptforfinancialstatements,schedulesandotherfinancialdataastowhichweneednotexpressanybelief)theOfferingDocuments,asthenamendedorsupplemented,ifapplicable,asofthedatesuchopinionisdeliveredcontainsanyuntruestatementofamate

41、rialfactoromitstostateamaterialfactnecessaryinordertomakethestatementstherein,inthelightofthecircumstancesunderwhichtheyweremade,notmisleading.本所律師沒(méi)有發(fā)現(xiàn)導(dǎo)致律師產(chǎn)生下列認(rèn)定的事實(shí)：(1)發(fā)行文件的各部分(財(cái)務(wù)報(bào)表、附件以及律師不需發(fā)表意見(jiàn)的其他財(cái)務(wù)數(shù)據(jù)除外），在生效之時(shí)包含有對(duì)任何重大事實(shí)的不實(shí)陳述，或遺漏任何為避免誤導(dǎo)的重大事實(shí)，以及（2）發(fā)行文件或修正或補(bǔ)充（財(cái)務(wù)報(bào)表、附件以及律師不需發(fā)表意見(jiàn)的其他財(cái)務(wù)數(shù)據(jù)除外），在該意見(jiàn)書(shū)交付之日包含有對(duì)任

42、何重大事實(shí)的不實(shí)陳述，或遺漏任何為避免誤導(dǎo)的重大事實(shí)。We,asthecounselsofHAOWAY,dorepresentasfollows:本所律師，同時(shí)作為豪威公司的法律顧問(wèn)，聲明如下：19.0HAOWAYisdulyqualifiedtotransactbusinessandisingoodstandingineachjurisdictioninwhichtheconductofitsbusinessoritsownershiporleasingofpropertyrequiressuchqualification;豪威公司有充分的資格進(jìn)行交易，且符合經(jīng)營(yíng)、擁有或租賃財(cái)產(chǎn)所要求的各項(xiàng)

43、規(guī)定。20.0Baseduponouropinions,eachofthesubsidiariesofHAOWAYmeetingthedefinitionof"SignificantSubsidiary"underRegulationoftheCommissionhasbeendulyincorporated,isvalidlyexistingasacorporationingoodstandingunderthelawsofthejurisdictionofitsincorporation,hasthecorporatepowerandauthoritytoownitsp

44、ropertyandtoconductitsbusinessasdescribedintheOfferingDocuments,asthenamendedorsupplemented,andisdulyqualifiedtotransactbusinessin which the conduct of itsof property requires such重要子公司”定義的子公司andisingoodstandingineachjurisdictionbusinessoritsownershiporleasingqualification;基于本所律師意見(jiàn)，所有符合美國(guó)證管會(huì)規(guī)定的都是依法正

45、式成立并有效存續(xù)的法人，符合其管轄地法律的各項(xiàng)規(guī)定，有權(quán)力和授權(quán)擁有自有財(cái)產(chǎn)和開(kāi)展發(fā)行文件及其修訂所述的業(yè)務(wù)，有充分的資格進(jìn)行交易，符合經(jīng)營(yíng)、擁有或租賃財(cái)產(chǎn)所要求的各項(xiàng)規(guī)定；21.0TheexecutionanddeliverybyHAOWAYof,andtheperformancebyHAOWAYofitsobligationsunder,theCommitmentLetter(includingtheprovisionsofUNREGISTEREDSENIORSECUREDDEBTSECURITIES),theOfferedSecuritiesandtheTermAgreementwill

46、notcontraveneanyagreementorotherinstrumentbindinguponHAOWAYoranyofitssubsidiaries,individuallyorintheaggregate,toHAOWAYanditssubsidiaries,takenasawhole,oranyjudgment,orderordecreeofanygovernmentalbody,agencyorcourthavingjurisdictionoverHAOWAYoranysubsidiary,andnoconsent,approval,authorizationororder

47、oforqualificationwithanygovernmentalbodyoragencyisrequiredfortheperformancebyHAOWAYofitsobligationsundertheCommitmentLetter(includingtheprovisionsofUNREGISTEREDSENIORSECUREDDEBTSECURITIES),theOfferedSecuritiesandtheTermAgreement;豪威公司簽署與交付或承諾書(shū)(及未登記擔(dān)保優(yōu)先債券條款)、擬發(fā)行證券以及未登記擔(dān)保優(yōu)先債券，或履行它們項(xiàng)下的義務(wù)，不違反對(duì)豪威公司及其子公司個(gè)體

48、或整體，或整個(gè)豪威公司與子公司有重大意義的有效協(xié)議或契約，也不違反任何政府組織、機(jī)構(gòu)或?qū)劳炯捌渥庸居泄茌牂?quán)的法庭頒布的裁決、法令或指令，并且這些法令或指令不要求豪威公司履行其在承諾書(shū)(及未登記擔(dān)保優(yōu)先債券條款)、擬發(fā)行證券及條款協(xié)議項(xiàng)下的義務(wù)時(shí)，需要獲得該政府組織、機(jī)構(gòu)的同意、批準(zhǔn)、授權(quán)或命令以及資格認(rèn)定。22.0HAOWAYanditssubsidiariesownorpossesstheintellectualpropertyrightsemployedbytheminconnectionwiththebusinessoperatedbythem,andneitherHAOWAYa

49、nditssubsidiarieshasreceivedanynoticeofinfringementoforconflictwithassertedrightsofotherswithrespecttoanyoftheforegoingwhich,singlyorintheaggregate,ifthesubjectofanunfavorabledecision,rulingorfindingwouldresultinanymaterialadversechange,ornoticeofanyotherdevelopmentwithrespecttotheforegoinginvolving

50、aprospectivematerialadversechange,inthecondition,financialorotherwise,orintheearnings,businessaffairsorbusinessprospectsofHAOWAYanditssubsidiaries,takenasawhole,exceptasmaybedisclosedinwritingbyHAOWAYto,andacceptedforexclusionby,theUnderwriters;豪威公司及其子公司擁有或占有運(yùn)營(yíng)中所使用的知識(shí)產(chǎn)權(quán)，且豪威公司或其子公司均未接到任何宣稱(chēng)侵犯或違反他人知識(shí)產(chǎn)權(quán)

51、的通知，此類(lèi)通知標(biāo)的物如果單獨(dú)或整體遭到不利決定、裁決或判決將會(huì)導(dǎo)致重大負(fù)面變動(dòng)；或者上述情況的將演化成導(dǎo)致豪威公司及其子公司整體的財(cái)務(wù)或其他狀況、收益、業(yè)務(wù)或業(yè)務(wù)前景發(fā)生重大不利變化的事件，但豪威公司書(shū)面披露并經(jīng)承銷(xiāo)人接受為例外的除外；23.0TherearenolegalorgovernmentalproceedingspendingorthreatenedtoHAOWAYtowhichHAOWAYoranyofitssubsidiariesisapartyortowhichanyofthepropertiesofHAOWAYoranyofitssubsidiariesissubjecto

52、ranydevelopmentinsuchproceedingsthatarerequiredtobedescribedintheOfferingDocuments,asthenamendedorsupplemented,andarenotsodescribed,orofanystatutes,regulations,contractsorotherdocumentsthatarerequiredtobedescribedintheOfferingDocuments,asthenamendedorsupplemented,ortobefiledorincorporatedbyreference

53、asexhibitstosuchOfferingDocumentsthatarenotsodescribedorfiledorincorporatedasrequired;不存在以豪威公司或其任何子公司為一方或其財(cái)產(chǎn)受影響的任何未決的或受威脅的政府程序，不需要在發(fā)行文件中引用或包括在發(fā)行文件中沒(méi)有引用或者描述的上述事件或其修改或補(bǔ)充，也不存在任何目前沒(méi)有被要求描述、備案、引用的法律、規(guī)則、合同或其他文件被要求在本發(fā)行文件中說(shuō)明，或被要求備案或被要求在發(fā)行文件中作為附件24.0We(1)areoftheopinionthateachdocument,ifany,filedpursuanttoth

54、eCommitmentLetterandUNREGISTEREDSENIORSECUREDDEBTSECURITIESandincorporatedbyreferenceintheOfferingDocuments,asthenamendedorsupplemented(exceptforfinancialstatements,schedulesandotherfinancialdataastowhichweneednotexpressanyopinion)compliedwhensofiledastoforminallmaterialrespectswiththeCommitmentLett

55、erandUNREGISTEREDSENIORSECUREDDEBTSECURITIESthereunder,and(2)isoftheopinionthattheOfferingDocuments,asthenamendedorsupplemented(expectforfinancialstatements,schedulesandotherfinancialdataincludedthereinastowhichweneednotexpressanyopinion),complyastoforminallmaterialrespectswiththeAct,therulesandregulationsoftheCommissionthereunder;and本所律師同時(shí)認(rèn)為：(1)根據(jù)承諾書(shū)以及未登記擔(dān)保優(yōu)先債券備案并在發(fā)行文件中引用(財(cái)務(wù)報(bào)表、附件以及律師不需發(fā)表意見(jiàn)的